ICICI may have rotating chairman till hunt for full-time chief ends

The ICICI bank may take a process of having a rotating chairman who will regulate the board meetings till a full-time chairman is appointed. Present chairman M K Sharma will complete his tenure this month.
If sources are to be believed, an independent director will be named by the board as a chairman for the forthcoming meeting after the completion of M K Sharma’s term.
Board is going to play a vital role, with the consideration that the CEO Chanda Kochhar is o an indefinite leave which is actually pending an investigation into a conflict of interest which charges on loans to the Videocon Industries.

Bankers suspect foul play in arrest of Bank of Maharashtra CEO

Top bankers suspected a foul play in custody of Bank of Maharashtra NSE 0.00 % CEO Ravindra Marathe and are sure about any political pressure behind the case because it was not any top bank which lent the funds to the real estate developer D S Kulkarni.
A large number of bankers are under the scanner when there is no evidence of malfeasance, said by the chief executive of the bank who didn’t want to be known.
A person could be arrested if he or she is not cooperating. But when someone who is a senior official of a bank is actively cooperating with the agencies which are investigating, there seems to need for the custody.

Bank of Baroda goes to CBI with loan fraud charges against PSL Ltd

The Bank of Baroda has lodged a complain to the premier federal probe of the nation about the bankrupt pipes maker PSL Ltd. that drain off amount of Rs 700 crore from an account which is connected to GAIL projects, those payments which were already due to the lenders but not the insolvent firm.
In their complaint to the Central Bureau Investigation, the blank has claimed that the PSL haunt to economical irregularities and took the amount without informing the lender, three persons who knew about the matter told ET. that there were two accounting firms who were also involved.

Microfinance loan cap raised to Rs 80,000 per borrower

The lenders of Microfinance which includes some private banks like Axis Bank, RBL Bank and Indsland Bank have raised the capital of their cumulative microloan on each and every borrower by 33 percent which is in strong demand in the rural sectors and a boom in self-employment give rise to weak industrial demand.
It will help the borrowers to enhance their trade like selling fruits or regulating beauty salons, said by the bankers. The last limit was active since 2013.
Private banks like Indusland, IDFC and RBL are continuously enhancing their liability to the base of the pyramid clients whilst industrial credit demand is still to display the momentum.

Bank of Baroda goes to CBI with loan fraud charges against PSL Ltd

The Bank of Baroda has lodged a complain to the premier federal probe of the nation about the bankrupt pipes maker PSL Ltd. that drain off amount of Rs 700 crore from an account which is connected to GAIL projects, those payments which were already due to the lenders but not the insolvent firm.
In their complaint to the Central Bureau Investigation, the blank has claimed that the PSL haunt to economical irregularities and took the amount without informing the lender, three persons who knew about the matter told ET. that there were two accounting firms who were also involved.

Women bankers in troubled waters

Its almost a decade, banks in India which are dominated by men, have been a rare bastion for the female leaders. But with the time things are taking a turn now. The present time is not as favourable for the Indian banks as they are facing a series of storm in the past some months.
The biggest names involved in the turbulence -—scams, toxic assets, and sinking profitability— are of women. Here are stories of three iconic Indian women bankers and their encounter with unpleasant situations.
Some big names under the turbulence, are of women only. Chanda Kochhar of ICICI Bank, Usha Ananthasubramaniam of Punjab National Bank and Shikha Sharma of Axis Bank.

BA body condemns spate of charge sheets and arrests of bankers

The Association of the Indian Banks’ denounced the cataclysm of charge sheets and custody of the bankers by agencies of investigation and called upon an emergency meeting on Friday in Mumbai to have a discussion on an alleged high-handedness of the agencies involved in the investigation in the bank fraud cases.
It was Wednesday when the Wing of Economic Offences of Pune Police took the custody of the CEO of the Bank of Maharashtra Mr. Ravindra Marathe, its former managing director Sushil Muhnot and the executive director Mr. Rajendra Gupta with two more bank employees for intentionally contrive with the real estate developer D S Kulkarni to deviate money and con the shareholders.

How to link Aadhaar card to bank account!

Since a long time, our legislation is motivating people to revise their details regarding Aadhaar card with particular bank accounts. The method of connecting aadhaar card along with the bank account riddles individuals frequently. The method is really convenient as well as might be executed easily.

Apply for Andhra Bank net banking

In this article, you will get to know regarding the process, which are appropriate for nearly each of the bank. It doesn’t bother that which is your bank among Axis bank, Canara, ICICI, HDFC, Oriental Bank of Commerce (OBC), Punjab National Bank (PNB), State bank of India (SBI), or any other. Through this, you will get to know regarding the basic steps that are followed for updating the Aadhaar card with your bank account.
The linking of Aadhaar card basically involves two process, which are:

Offline

Online

Offline Mode

People who don’t have an access for the internet can easily look out regarding updating their details by employing such approach. They have to watch the video,

or can follow certain steps that are:

For your respective bank, get the linking form of Bank & Aadhaar Card.

Enter the details required, appropriately.

Fill your IFSC code, address, bank account number, etc.

Then fill your Aadhaar number correctly

After entering all the required information in the application form, put together the copy of Aadhaar card along with it.

Submit the form attached with Aadhaar to the bank

The bank will then carry forward your application regarding its verification

You will be notified once the applications gets verified

Online Mode

In case of this online method, Follow these steps:

First log in into your online bank account.

After being logged-in, you will see a link of “Aadhaar card seeding” or “Update Aadhaar card details”.

Click on the link and open it.

After clicking, you need to fill all the required details in the particular boxes.

Prior to filling all the information, verify it and then hit the submit option.

After that the application form will be saved within the bank database.

The bank will then verify each and every details filled by you, and following to it, your application will be processed.

After the processing application form, you will be informed through SMS or email on your registered mobile number.

Hence, considering both the above methods, it will be easier for you to link your Aadhaar card to your bank account.